ITUB Mar 2023 7.000 call
- Bloomberg
Argentina’s Worst Drought in Memory Lands New Blow to Economy
(Bloomberg) -- Argentina’s looming recession will be deeper than first expected as one of the worst droughts in recent memory ravages crucial farm exports. Most Read from BloombergCompanies Are Telling Us the Real Reason They're Still Raising PricesBiden to Urge 25% Billionaire Tax, Levies on Rich InvestorsIn Biden’s Tax-the-Rich Budget, Capital-Gains Rates Near 45%Rookie Traders Are Earning $400,000 in One Unlikely Markets HubMore Eye-Drop Products Recalled in US for Possible ContaminationGross
- Reuters
Americanas accounting scandal was a 'fraud,' says CEO of Brazil's Itau
The chief executive of Brazil's biggest private lender Itau Unibanco said on Wednesday that the accounting inconsistencies that led retailer Americanas SA to request bankruptcy protection represent a case of 'fraud'. Milton Maluhy Filho's remarks came after Itau, which had a multi-million-dollar exposure to Americanas, had to set aside more cash for bad loans in the fourth quarter. Maluhy added that Itau has not identified any case similar to that of Americanas, which reported around $8 billion in debt after disclosing "inconsistencies" in its accounting.
- Zacks
Is a Surprise Coming for Itau Unibanco (ITUB) This Earnings Season?
Itau Unibanco (ITUB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
